Entrepreneurship Traits Quiz
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Questions and Answers

What is one way business opportunities may arise for entrepreneurs?

  • Lack of commitment
  • Inexperience in the industry
  • Changes in the environment (correct)
  • Negative customer feedback

    • Which of the following traits is directly related to interest according to the text?

  • Persistence
  • Seeking customer satisfaction
  • Taking repeated actions to overcome obstacles
  • Lack of commitment (correct)

    • In entrepreneurship, what does persistent behavior lead to?

  • Career fulfillment (correct)
  • Lack of commitment
  • Competitive risk
  • Technology risk

    • Which of the following statements characterizes a highly committed entrepreneur?

    <p>Accepts full responsibility for what has been promised to customers</p> Signup and view all the answers

    What is the foundation of commitment according to the text?

    <p>Persistent behavior</p> Signup and view all the answers

    How do changes in technology contribute to new business opportunities?

    <p>They advance business opportunities through innovation</p> Signup and view all the answers

    What type of risk are entrepreneurs taking on when they launch a business?

    <p>Competitive risk</p> Signup and view all the answers

    What type of risk do entrepreneurs face related to new technologies when launching a business?

    <p>Technological risk</p> Signup and view all the answers

    Which aspect of entrepreneurship can provide a sense of purpose according to the text?

    <p>Career Fulfillment</p> Signup and view all the answers

    How can entrepreneurs eventually achieve a better work-life balance according to the text?

    <p>As the business grows, entrepreneurs gain more control over their time</p> Signup and view all the answers

    What is one potential risk related to money that entrepreneurs may face in the technological aspect of business?

    <p>Having to invest heavily in technology</p> Signup and view all the answers

    What risk do entrepreneurs take on when launching a business that involves the chance of not gaining market share?

    <p>Competitive risk</p> Signup and view all the answers

    What character trait distinguishes an entrepreneur from the owner of an ordinary small business?

    <p>Risk-taking</p> Signup and view all the answers

    Which cluster of entrepreneurial characteristics includes traits related to the desire to be an achiever in entrepreneurship?

    <p>Achievement Cluster</p> Signup and view all the answers

    What is one of the character traits associated with the Achievement Cluster in entrepreneurship?

    <p>Opportunity-seeking</p> Signup and view all the answers

    Which of the following traits is NOT part of the Achievement Cluster for entrepreneurs?

    <p>Risk-aversion</p> Signup and view all the answers

    In entrepreneurship, what distinguishes an opportunity-seeker entrepreneur?

    <p>Risk-taking behavior</p> Signup and view all the answers

    Which of the following is a key aspect of an entrepreneurial character trait in terms of work-life balance?

    <p>Balancing work and personal life effectively</p> Signup and view all the answers

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